Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank's ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers.
Submitted by Erico Matias Tavares via Sinclair & Co.,
A few weeks ago we penned an article on Open Source Ecology, an exciting new manufacturing concept developed by Dr. Marcin Jakubowski and his colleagues. Given its potential to create a multitude of self-reliant jobs and bring about a true manufacturing renaissance in much of the developed world, we thought that it would generate a lot of interest.
But boy were we wrong. Out of all the 77 articles that we have published since 2014 it got the lowest readings... EVER!
As the shock from the initial revelation of leaked Mossack Fonseca files fades away, one recurring question has emerged: why were there no American clients of the firm named (at least not yet)? After all, leaders in Iceland, Russia, Ukraine, Brazil, Australia and many other nations are already facing questions about their use of the Panamanian law firm, and yet nothing about the US?
The United States is pure and good and incorruptible. pic.twitter.com/Xo9LEuCavF
The early exuberance in oil has faded today as WTI tumble to fresh one-month lows...
...crucially losing the key 40-week moving average once again as the downtrend looks set to continue.
With BNP Paribas warning that WTI is set to revisit the lows of the year:
While much of the media has been focusing on the Panama Papers allegations surrounding "close friends" of Russian president Vladimir Putin, one person who has been directly named as implicated in offshore tax scandal is Ukraine's billionaire president, Petro Poroshenko.
This is what the ICIJ had to say about this specific involvement: